Curbstone Financial Management Corp Has $435,000 Stock Position in LKQ Corporation $LKQ

Curbstone Financial Management Corp boosted its stake in LKQ Corporation (NASDAQ:LKQ) by 15.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,750 shares of the auto parts company’s stock after buying an additional 1,580 shares during the period. Curbstone Financial Management Corp’s holdings in LKQ were worth $435,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of LKQ. Boston Partners grew its stake in LKQ by 258.0% in the 1st quarter. Boston Partners now owns 4,562,625 shares of the auto parts company’s stock valued at $194,089,000 after buying an additional 3,288,048 shares during the last quarter. Ancora Advisors LLC grew its stake in LKQ by 95.7% in the 1st quarter. Ancora Advisors LLC now owns 5,477,467 shares of the auto parts company’s stock valued at $233,011,000 after buying an additional 2,678,964 shares during the last quarter. Pzena Investment Management LLC acquired a new position in LKQ in the 1st quarter valued at about $42,790,000. Dimensional Fund Advisors LP grew its stake in LKQ by 14.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company’s stock valued at $255,384,000 after buying an additional 771,829 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of LKQ by 48.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,172,272 shares of the auto parts company’s stock worth $92,408,000 after purchasing an additional 711,077 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Performance

NASDAQ LKQ opened at $30.04 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 11.00 and a beta of 0.84. The firm’s 50 day simple moving average is $31.03 and its 200 day simple moving average is $35.76. LKQ Corporation has a 1 year low of $28.42 and a 1 year high of $44.82.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, research analysts expect that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. LKQ’s dividend payout ratio (DPR) is currently 43.96%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LKQ in a report on Wednesday, October 8th. Zacks Research raised shares of LKQ from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Robert W. Baird lowered their target price on shares of LKQ from $48.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

LKQ Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.